Alphabet's Verily sells Granular insurance business to Elevance Health

cnbc.com

Alphabet's Verily is selling its Granular Insurance Company to Elevance Health. This move is part of Verily's ongoing restructuring, which has included workforce cuts and leadership changes. Granular, launched in 2020, provided medical stop-loss insurance and reinsurance solutions. The terms of the sale have not been disclosed. Verily has shifted its focus multiple times since its inception in 2015, moving from hardware development to pandemic response and now to precision medicine. The company recently introduced a new AI-powered chronic care solution.


With a significance score of 2.8, this news ranks in the top 12% of today's 28483 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: